# Asia AI data center provider Firmus on Monday announced a fresh $505 million raise led by Coatue at a $5.5 billion post money valuation.

*semiconductor · news · 2026-04-07 · TechCrunch*

## Key points

- Firmus raised $505 million led by Coatue at a $5.5 billion post-money valuation.
- Firmus has secured $1.35 billion in funding within the past six months.
- Firmus is building energy-efficient AI data centers in Australia and Tasmania called Project Southgate.
- These data centers will use Nvidia's Vera Rubin platform, succeeding Blackwell, shipping in late 2026.

**Companies:** Nvidia, Firmus
**Countries:** Singapore, Australia, Tasmania

[Read the full story on TechCrunch](https://techcrunch.com/2026/04/07/firmus-the-southgate-ai-datacenter-builder-backed-by-nvidia-hits-5-5b-valuation/)

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